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    4524 Steinbeck St Ames, IA 50014

    For Sale
    $1,200,000

    Eight Plex - Ames, IA

    Days on Market:
    93
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 4524 Steinbeck St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RH
    APN
    Multiple/See abstract
    Interior features
    Cable Tv

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Flooring type
    Carpet, Vinyl
    Building materials
    Vinyl Siding
    Architectural style
    Other

    Hunziker & Associates, Realtors (515) 233-4450 [email protected]

    Listing agent John Livingston (515) 233-4450 License #S61819

    Listing date Sep 12, 2025

    MLS# 68439 Listing URL

    Copyright © 2025 Central Iowa Board of Realtors, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ames Eight-Plex Investment Opportunity

    This well-maintained eight-plex is located in West Ames. The property features eight units, each with 3 bedrooms and 2 bathrooms, offering a spacious and functional layout. Lower-level units include patios, while upper-level units feature decks and vaulted ceilings. Each unit is equipped with in-unit laundry. Recent updates in 2024 include a new roof and siding, along with select window, sliding door, and A/C unit replacements. The property is located in a desirable rental area with strong demand, making it a solid addition to any investment portfolio. It is zoned RH.
    Location Intelligence

    Current Use by Public Records

    Steinbeck Apartments Apartment Complex

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ames
    County
    Story
    State
    Iowa
    Longitude
    -93.6798849
    Latitude
    42.0142891

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained eight-plex in West Ames with recent updates.
    Where is this apartment building located?
    The property is located at 4524 Steinbeck St Ames, IA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Eight 3-bedroom, 2-bathroom units offer spacious and functional layouts.; - New roof and siding installed in 2024, along with select window, sliding door, and A/C unit replacements.; - Located in a desirable West Ames rental area with strong demand.
    (515) 233-4450
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    Ames, IA 50014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4524 Steinbeck St Ames, IA 50014
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